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For longer-term savings goals, you can maximize your return by investing in a fully insured* high yield Certificate of Deposit (CD.) CDs typically earn a higher interest rate than a regular savings account and offer the security of knowing that you will receive a fixed rate of interest for the term you choose. We offer CDs in terms from 91 days to 3 years at some of the most competitive rates in the area. |
We have the following terms and minimum deposit amounts available:
 |
Term | |
Minimum Balance Requirement |
|
|
91-Day Certificate | |
$2,500 |
|
|
6 Month Certificate | |
$2,500 |
|
|
1 Year Certificate | |
$1,000 |
|
|
2 Year Certificate | |
$1,000 |
|
|
3 Year Certificate | |
$1,000 |
|
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| Product | Type of Compounding | Minimum Balance to Open and Earn APY | Annual Percentage Yield (APY) | ||
|---|---|---|---|---|---|
| 91 Day CD | Monthly | $2,500 | 2.50% | ||
| 6 Month CD | Monthly | $2,500 | 2.50% | ||
| 1 Year CD | Daily | $1,000 | 3.05% | ||
| 2 Year CD | Daily | $1,000 | 3.16% | ||
| 3 Year CD | Daily | $1,000 | 3.16% | ||
| A penalty may be imposed for early withdrawal. | |||||
Convenient optional services:
- Free Checking with Interest
- Savings Accounts
- Retirement Accounts
*100% Deposit Insurance Protection
Bank of Canton is a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). The FDIC insures all deposits up to $100,000 and the DIF insures all deposits above that amount. At Bank of Canton, your deposits are fully protected, regardless of the size of your balance or combined balances.
